MEMETIC is the OG UTXO Blockchain launched back in 2016.
09 Aug 2023, 23:09
MEMETIC is the OG UTXO Blockchain launched back in 2016. Initially called Pepecoin but force to change to MEMETIC by threats to delist from Bittrex (Bittrex was the current Binance back in the days). With MEMETIC you could use KEKDAQ, KEKDAQ was a counterparty NFT platform. Some of the first NFTs where built there.
After some hiccups and rearranging ERC20 token was planned to be launched.
This is PEPECOIN, 135M tokens waiting for arrival from 23M of utxo chain. Bridging PEPECOIN over to ETH brings better liquidity and easier CEX listing. Also, easier KEKDAQ handleling (NFT platform).
With this new journey on ETH comes new products:
PepeAI, Memejourney, Kekdaq 2.0, Pepe.dj and new chain basedAI.
BasedAI (BASED) is a descentralize ai infrastructure network. Plan is to gather all the compute GPU power left over from eth GPU mining and grow the biggest global compute cluster.
Pepecoin is going to be used to mine $BASED. basedAI; The Multi-Model AI Infrastructure Network.
Supply mined by Pepecoin is 35,769,420 in 9 months.
Staking PepeCoin and farming contracts on ETH.
Once you mine basedAI, it can be redeemed for $BASED in L1 basedAI.
To mine ERC20 basedAI you need to:
Initially only staking Pepecoin will be available
Emissions per block: 15 basedAI
The ERC20 basedAI will be redeemed for L1 basedAI.
BasedAI is leveraging AVAX technology.
Once we have L1 basedAI mainnet running, we will also have mining/staking incentives. Staking Nodes (validators) and AI Compute nodes (GPUs). These emissions are still unknown.
These nodes will be rewarded with constant emissions per block and AI marketplace funds earn/collected.
This nodes can also get slashed if they are having issues, misbehave, or return malformed data.
PepeCoin will continue and have a subnetwork/L1 in BASED chain. Bringing over more utilities with staking, farms, validators and more.